The benchmark KSE-100 index has surged to 117,750 after gaining 1697.54 points.

The key sectors including automobile manufacturers, cement, chemicals, commercial banks, fertilizer, oil and gas exploration companies, OMCs, power generation, and refinery saw a boom in buying activity.

Earlier, the bourse recorded bearish trends in two consecutive sessions as KSE-100 Index experienced loss of 202.44 points on Tuesday.

It is pertinent to note that Prime Minister Shehbaz Sharif, who is en-route to Karachi, is expected to visit the stock exchange. PM Sharif is set to award PSX the title of the world’s second-best-performing stock exchange in 2024. The experts attribute the surge in stock market to the premier’s potential visit to the bourse.